Common use of Retirement Pay Clause in Contracts

Retirement Pay. 1. A teacher retiring from the District (as “retirement” is defined by the Kansas Public Employees Retirement System) shall be paid at the rate of the current daily substitute pay for each day of accumulated sick leave upon retirement. In the event of death during employment, such deceased employee’s KPERS designated beneficiary(s) shall receive a sum equal to the same as for retirement.

Appears in 6 contracts

Sources: Professional Negotiated Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Retirement Pay. 1. A teacher retiring from the District (as “retirement” is defined by the Kansas Public Employees Retirement System) shall be paid at the rate of the current daily substitute pay for each day of accumulated sick leave upon retirement. In the event of death during employment, such deceased employee’s KPERS designated beneficiary(s) shall receive a sum equal to the same as for retirement.

Appears in 2 contracts

Sources: Professional Negotiated Agreement, Professional Negotiated Agreement